FOR IMMEDIATE RELEASE

CORAL8 POWERS EVENT ZERO ENTERPRISE COMPLIANCE ENFORCEMENT SOLUTION

New Solution Announced at CeBIT 2007

MOUNTAIN VIEW, Calif. & BRISBANE, Australia,, March 21, 2007 -- Coral8, Inc., a leading provider of Complex Event Processing (CEP) software, and Event Zero today announced that Coral8 has been selected as the enabling technology for Event Zero’s compliance enforcement software. The Coral Engine was selected due to its scalable performance and rapid development and deployment for specialist applications.

The Event Compliance and Certify products are an all-encompassing enterprise compliance enforcement solution that spans human resources, occupational health and safety, networking and accounting. Event Compliance monitors, manages and reports on compliance policies and procedures set out by an organization.

The Coral8 Engine will provide the Event Zero’s solution platform with the power and throughput required to process the high volume of daily business events which need to be correlated for compliance monitoring. The rapid development environment of the Coral8 Engine will allow Event Zero to build a flexible compliance monitoring framework that covers a diverse array of business events and can be easily customized to client requirements.

“The Coral8 Engine will drastically reduce our development time, enable us to bring our applications to market faster,” said Matthew Cooper, Vice President of Product Development, Event Zero. “The flexibility and scalability the Coral8 Engine brings to our application framework will provide our customers with the ability to monitor and uncover compliance risk in real-time across a broad set of business processes.”

About Event Zero

Based in Brisbane, Australia, Event Zero Pty Ltd is a provider of compliance software for organizations. They have a unique offering for a worldwide headache: tracking the multitude of activities to comply with proliferating rules and laws. For more information, visit www.event-zero.com or call +61 7 3340 9100.

About Coral8

Based in Mountain View, Calif., Coral8, Inc. is a leading provider of software for complex event processing (CEP). Bringing together high-performance, an innovative SQL-based programming language and enterprise-class features, the Coral8 Engine is the fastest, lowest cost way to build and deploy powerful new CEP applications. For more information, visit www.coral8.com or call (650) 210-3810.

Media Contact

John Morrell
Coral8, Inc.
Mountain View, CA, USA
(650) 210-3833
johnm@coral8.com

Lincoln Smith
Event Zero, Pty Ltd.
Brisbane, Australia
+61 7 3340 9142
l.smith@event-zero.com